In this episode, we discuss the differences between Austrian economics and Keynesian economics. And will explain how you can use infinite banking to break free from the money manipulation of the Federal Reserve.

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In episode 36, we covered hyperinflation, cryptocurrencies, infinite banking, and how all of them go hand in hand. And we talked a little bit about economics.

Today, we're going to go deeper into Keynesian economics and  Austrian economics. Which ones better? Which one presents the greatest benefit for you and society as a whole? And we'll even examine how infinite banking applies on a grander scale of economics.

Economics, Federal Reserve Money Manipulation, and Infinite Banking:

• Keynesian economics
• Austrian economics
• When a dollar isn't necessarily a dollar
• The Gold Standard
• Nelson Nash and the creation of the Infinite Banking Concept
• The implications of widespread IBC adoption

Take Aways:

"I like the simplicity of the fact that in Austrian economics, one dollar is one dollar. If you don't have the dollar to represent the dollar, then you don't have a dollar."

"In Keynesian economics, you're essentially saying a dollar isn't necessarily just one dollar. Most of us would say its kinda funny money."

"The main difference between the two is that the Keynesians believe that there should be an authority manipulating the market, whereas the Austrians believe the market should be free and in control."

"We say, a dollar today is stronger than a dollar in the future, just because of inflation and the economy."

"You can break free from the system, and if we get enough people to really be their own bankers, we may be able to, in the grand scheme of things, kind of cripple this Federal Reserve system." 

Episode Resources:

https://livingwealth.com/e38/